Lyra Health Completes $187M Series E Financing to Advance Comprehensive Given the spotty coverage, Kocher and Ebersman hypothesized that employers would be willing to pay for a separate mental health benefit, especially since depression is one of the leading causes of disability worldwide. The mental health benefits startup scored $187 million in new financing as it looks to expand its services and bring more technology to its platform. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Lyra also continues to pioneer new evidence-based, technology-enabled mental health solutions that accelerate access to care and match members to clinically proven programs that prioritize fast and durable symptom improvement. . WATERTOWN, Mass. Before the pandemic, it was already estimated that less than half of adults and children living with mental health conditions in the U.S. went without any treatment. But it was the Covid-19 pandemic and collective psychological fallout that finally mainstreamed mental health. Join us for Breakthrough, Lyras annual mental health conference, in San Francisco. Press | Lyra Health /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M . & SHANGHAI & PRINCETON, N.J.--(BUSINESS WIRE)--Lyra Therapeutics, Inc. (Nasdaq: LYRA), a clinical-stage therapeutics company leveraging its proprietary XTreo platform to enable precise, sustained, and local delivery of medications to ear, nose and throat (ENT) passages and other diseased tissues, and LianBio, a biotechnology company dedicated to bringing paradigm-shifting medicines to patients in China and other major Asian markets, today announced a strategic partnership and exclusive license agreement for the development and commercialization of LYR-210 in Greater China (mainland China, Hong Kong, Taiwan, and Macau), South Korea, Singapore and Thailand. Lyra Health completes $187M Series E round and expands - MobiHealthNews The companys current pipeline of therapeutics target tissues deep in the ear, nose and throat passages and are designed to deliver continuous drug therapy for months following a single non-invasive, in-office administration. Lyra Health has 22 investors. Claim your profile to get in front of buyers, investors, and analysts. While there is widespread agreement that improving access to mental health services is sorely needed, the explosion of funding and sky high valuations means consumers and clinicians are left to sort through hundreds of options without a good sense of which will work and which are just hype. is betting on Lyra Health . LYR-210 is an anti-inflammatory, intra-nasal drug matrix in late-stage development that is designed to treat chronic rhinosinusitis (CRS), a debilitating inflammatory disease of the nasal passages. Industry: Health Care Services & Hospitals. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Last August, the company cemented its . from 8 AM - 9 PM ET. Existing partners also participated in the funding round. Lyra Health - Overview, News & Competitors | ZoomInfo.com This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families, said Ebersman. Their latest was a Series . Lyra Health Expert Review, Pricing, Alternatives - 2023 The startups take different approaches to connecting users with mental health services. BURLINGAME, Calif. , Jan. 19, 2022. Lyra Health has kept busy over the past year. according to the National Alliance on Mental Illness. Revenue: $100 to $500 million (USD) Competitors: Unknown. Lyra Health has raised a total of $910.1M in funding over 8 rounds. Lyra Health is a leading provider of innovative mental health benefits for more than 2.5 million global employees and dependents and is transforming mental health care by . I'm a senior writer covering healthcare technology. Get the full list, To view Lyras complete patent history, request access, Youre viewing 5 of 16 executive team members. Lyra Health peak revenue was $9.3M in 2022. kathryn@theyatesnetwork.com Phone Number +1 877 0505 7147. elizabeth.anderson@lianbio.com Dragoneer has been an investor in companies such as Airbnb, Alibaba, Atlassian, AppFolio, Bytedance, Carbon Health, Ceridian, Chime, Datadog, Doordash, Duck Creek, Livongo, Maven, PointClickCare, Procore, Slack, Samsara, ServiceTitan, Snowflake, Spotify, Uber, UiPath, and others. Lyra Health Completes $200M Funding Round | Lyra Health Transforming Access to Mental Health Care Around the WorldNearly 1 billion people worldwide suffer from a mental health disorder, yet more than 70% of people don't have access to the care they need. For more information, please visit www.lianbio.com. Lyra Blended Care is scalable and extensible, leveraging technology to deliver better care quality and clinical outcomes, while reducing the cost of care. Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale, said Sisco. Additionally, 40% of workers feel employers don't support their mental health. For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. Lyra Health Investors. With Lyra, benefits leaders can offer employees fast, reliable access to providers who practice evidence-based mental health care treatments. With this additional capital, Lyra will have the opportunity to further distinguish itself as the leader in mental health domestically and expand internationally to address a global need.". Lyra Health Stock Price, Funding, Valuation, Revenue & Financial Statements "2020 put the need for mental health care transformation in sharp focus, as more people sought help during these extraordinary and difficult times," said David Ebersman, Lyra Health CEO and co-founder. Join us for Breakthrough, Lyras annual mental health conference, in San Francisco. Solutions. I hope that the interest in mental health is now persistent, Suennen says. Lyra Health's 2020 revenue was $100M. Lyra's curated network includes more than 5,000 coaches, therapists, and doctors in the U.S., with an additional 85,000 providers available worldwide through global partnerships. Working at Lyra Health | Glassdoor Lyra delivers clinically proven mental health care for employees and family members across all facets of mental health, from wellness and preventive care to the most severe conditions. The latest fundraising was led by investor hedge fund Coatue Management, with participation from new investor Sands Capital. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. "Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale," said Sisco. Lyra Health Now Valued at $4.6B After Latest Fundraising Lyra hit unicorn status in 2020 in a pandemic-fueled funding round, and Modern Health, BetterUp and Ginger joined the club in 2021. The company operates a business-to-business (Headspace for Work) to offer its mindfulness products and services to sectors such as government entities, nongovernmental organizations, and National Health Service (NHS) to offer digital mental health tools. Burlingame, California-based Lyra, valued at $2.3 billion in a January funding round, is specifically targeting large employers with customers including Morgan Stanley, eBay and Genentech. Famous Lacrosse Players Female, Jack's Pizza Responds To Barstool, Is Rico Recklezz Still Alive, Country Farmhouse Placemats, Bravo Margherita Flatbread, Articles L
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